Dockside LLC Purchases Shares of 80,124 Talos Energy Inc. $TALO

by · The Markets Daily

Dockside LLC purchased a new stake in shares of Talos Energy Inc. (NYSE:TALO – Free Report) during the fourth quarter, Holdings Channel reports. The firm purchased 80,124 shares of the company’s stock, valued at approximately $883,000.

A number of other large investors have also added to or reduced their stakes in TALO. Larson Financial Group LLC raised its position in Talos Energy by 142.9% during the third quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock valued at $32,000 after purchasing an additional 1,942 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Talos Energy by 134.4% during the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock valued at $32,000 after purchasing an additional 2,123 shares in the last quarter. Quarry LP purchased a new stake in Talos Energy during the third quarter valued at about $36,000. PNC Financial Services Group Inc. raised its position in Talos Energy by 22.7% during the third quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock valued at $54,000 after purchasing an additional 1,049 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Talos Energy by 395.5% during the second quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock valued at $56,000 after purchasing an additional 5,236 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Stock Down 0.1%

NYSE TALO opened at $14.95 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $2.49 billion, a PE ratio of -3.47 and a beta of 0.33. Talos Energy Inc. has a 1 year low of $7.67 and a 1 year high of $17.05. The business’s 50-day moving average is $15.19 and its 200 day moving average is $13.37.

Talos Energy (NYSE:TALO – Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.04. The company had revenue of $472.31 million for the quarter, compared to analysts’ expectations of $446.39 million. Talos Energy had a negative return on equity of 8.24% and a negative net margin of 42.58%.Talos Energy’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. Sell-side analysts forecast that Talos Energy Inc. will post 0.41 earnings per share for the current year.

Analyst Ratings Changes

TALO has been the topic of a number of research reports. Citigroup raised their price target on Talos Energy from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. raised their price target on Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Wall Street Zen upgraded Talos Energy from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Mizuho raised their price target on Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $16.00 price objective (up from $13.00) on shares of Talos Energy in a report on Wednesday, April 8th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $17.67.

Read Our Latest Analysis on TALO

Insider Activity

In related news, insider Control Empresarial De Capital sold 339,568 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $16.80, for a total value of $5,704,742.40. Following the sale, the insider directly owned 40,460,036 shares of the company’s stock, valued at $679,728,604.80. This trade represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 2,935,568 shares of company stock valued at $48,892,022 over the last quarter. 0.36% of the stock is owned by company insiders.

About Talos Energy

(Free Report)

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.

See Also

Want to see what other hedge funds are holding TALO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Talos Energy Inc. (NYSE:TALO – Free Report).